Week in Review: Data Dilemma
Crude oil surged above the $90 per barrel mark for the first time since November 2022. Concerns around supply shortfalls heading into the last quarter of 2023 saw the commodity …
Crude oil surged above the $90 per barrel mark for the first time since November 2022. Concerns around supply shortfalls heading into the last quarter of 2023 saw the commodity …
In a shortened holiday week, U.S. stock markets closed with losses primarily due to an upward shift in the interest rate outlook, driven by positive economic signals. Apple, a significant …
An increase in the number of job seekers caused the U.S. unemployment rate to rise in August, climbing from 3.5% to 3.8%. The collapse of a major trucking company resulted …
Week in Review: U.S. Unemployment Rate Hits 17-month High Read More »
The annual Jackson Hole symposium hosted by the Federal Reserve Bank of Kansas City commenced on Thursday. During the event, several Federal Reserve officials indicated that although there might not …
Longer-dated U.S. Treasury yields hit a 10-month high this week as investors focused on the prospects of longer-lasting high interest rates and a struggling Chinese economy. This week’s broad risk-off …
The past week witnessed a varied performance in the major U.S. stock markets. Investors grappled with the implications of subdued inflation data against concerns stemming from the recent uptick in …
Global equity markets had a tough start to August, as Fitch Ratings unexpectedly downgraded the U.S.’s credit rating from AAA to AA+. This marked the second credit downgrade in U.S. …
The Federal Reserve (the Fed), the European Central Bank (ECB) and the Bank of Japan (BoJ) all made significant announcements this week. The Fed delivered another interest rate hike this …
In June, spending at US retailers continued its positive growth trend for the third consecutive month, showcasing resilience among American consumers. According to the Commerce Department’s report on Tuesday, retail …
The Dow Jones Industrial Average notched its best performance since March, gaining 2.3% on the week, as lower-than-expected inflation and strong earnings results from some of the biggest banks and …